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Toni Braxton finally settles bankruptcy case Atlanta, GA

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Toni Braxton finally settles bankruptcy case

Judge Gavel, Scales of Justice and legal books on the desk

Toni Braxton fans here in Atlanta may have heard that the Grammy-award winning musician recently settled her second bankruptcy case. Her first bankruptcy occurred in 1998.

In this most recent case, Braxton, like so many other Americans, suffered financial difficulties after a sudden medical diagnosis led to increased expenses and lost work. Braxton was diagnosed with Lupus in 2010, which forced her to cancel an upcoming performance contract in Las Vegas, resulting in the Chapter 7 bankruptcy filing.

In Chapter 7 bankruptcy, it is generally possible to permanently discharge all or most of your debts. When no complications surface, this entire process generally lasts about 60 days. In Braxton’s case, however, the bankruptcy process dragged on for more than two years.

Braxton’s case took quite awhile to settle because of disputes regarding Braxton wishing to buy back some of her personal property that she lost during the bankruptcy. There were also disagreements between her and her bankruptcy trustee regarding money she earned after filing for bankruptcy.

Most bankruptcy cases are not so complicated, and it is possible for many people to hold onto their residence, car and other personal property while filing for bankruptcy.

Braxton’s bankruptcy is a reminder that sudden medical expenses or a disability can lead to unmanageable financial demands for anyone. Here in Georgia, people who are overwhelmed with debt should be aware that they do have options. In many cases, Chapter 7 bankruptcy is a viable option that allows people to wipe the slate clean and take advantage of a fresh financial start.

Source: TMZ, “Toni Braxton Bankrupty Case Finally Settled,” July 6, 2013

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I thought the process of filing bankruptcy was going to be a difficult one. However, Gingold & Gingold treated me with respect and dignity from the moment I walked through their door. I had the pleasure of working with Jamie. She is very responsive, professional, and knowledgeable. She took the time and listened to my every concern and handled each and every one of them to my satisfaction. My experience with filing bankruptcy under Gingold & Gingold's representation exceeded my expectations in a major way. They gave me such a peace of mind. I am very pleased with my decision of going with Gingold & Gingold to represent me when I filed Chapter 13 bankruptcy.

Julie T.

Wow! I am finally out of debt and can say that I am debt free after completing my chapter 7 bankruptcy case with Gingold and Gingold. Mr dangled was very knowledgeable and direct with regard to my debt situation. there were no surprises and the case went as I was advised. The staff was also very helpful whenever I had a question. I will definitely recommend them in the future to my friends.

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I cannot say enough about this law firm. From the initial consultation to our discharge, the entire office kept me updated with every step of the entire process. I came to the Gingold after a bad experience with another law firm. Ira and Jamie immediately began treating me like family through this experience. In the end, they assisted with eliminating many debts including my 2nd mortgage. I cannot say enough about the experience and knowledge that Ira brought to the table from the office visits to the court time. Thank you very much for helping me through this tough time. Thank you.

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